ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) Shares Sold by Rathbones Group PLC

Rathbones Group PLC decreased its position in ARM Holdings PLC Sponsored ADR (NASDAQ:ARM) by 36.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,462 shares of the company’s stock after selling 6,038 shares during the quarter. Rathbones Group PLC’s holdings in ARM were worth $1,117,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. TFC Financial Management Inc. raised its position in ARM by 163.4% in the first quarter. TFC Financial Management Inc. now owns 266 shares of the company’s stock worth $28,000 after acquiring an additional 165 shares in the last quarter. GeoWealth Management LLC boosted its position in shares of ARM by 53.8% during the 4th quarter. GeoWealth Management LLC now owns 263 shares of the company’s stock valued at $32,000 after purchasing an additional 92 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of ARM in the 1st quarter worth approximately $34,000. Colonial Trust Co SC bought a new stake in shares of ARM in the 4th quarter worth approximately $40,000. Finally, MorganRosel Wealth Management LLC bought a new stake in shares of ARM in the 1st quarter worth approximately $53,000. Institutional investors own 7.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Raymond James Financial raised their target price on shares of ARM from $140.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Rosenblatt Securities reissued a “buy” rating and set a $180.00 price objective on shares of ARM in a research note on Thursday, July 31st. Benchmark restated a “hold” rating on shares of ARM in a report on Monday, June 9th. Citigroup reduced their target price on ARM from $200.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Finally, Bank of America decreased their price target on ARM from $144.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $169.67.

ARM Stock Down 0.6%

Shares of NASDAQ:ARM opened at $141.60 on Thursday. The firm has a fifty day moving average of $148.59 and a two-hundred day moving average of $133.49. ARM Holdings PLC Sponsored ADR has a 12-month low of $80.00 and a 12-month high of $182.88. The firm has a market capitalization of $149.60 billion, a P/E ratio of 214.55, a price-to-earnings-growth ratio of 9.52 and a beta of 4.17.

ARM (NASDAQ:ARM) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. ARM had a return on equity of 15.56% and a net margin of 16.96%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the company earned $0.40 earnings per share. ARM’s quarterly revenue was up 12.1% compared to the same quarter last year. Equities research analysts expect that ARM Holdings PLC Sponsored ADR will post 0.9 earnings per share for the current fiscal year.

ARM Company Profile

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.